Intel "buy," target price raised

13.07.09 - Wedbush Morgan Securities

NEW YORK, July 13 (newratings.com) - Analysts at Wedbush Morgan maintain their "buy" rating on Intel Corp (INTC). The 12-month target price has been raised from $18 to $19.

In a research note published this morning, the analysts mention that the company is expected to report better-than-expected 2Q margins, besides issuing a near seasonal 3Q guidance. Intel?s 2Q performance is expected to be driven by robust order trends witnessed in the past couple of months, the analysts add. The company expects its margins to return to historical level of 50% to 60% going forward.